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Last Updated: Thursday, 8 June 2006, 10:49 GMT 11:49 UK
1m for major Falkirk jobs plan
Falkirk (pic by Undiscovered Scotland)
The Alcan project could bring 700 jobs to the Falkirk area
A major project to redevelop a former aluminium plant in Falkirk has been awarded 1m in European Union funding.

It is hoped that transforming the former Alcan site into a business park will create up to 715 jobs and bring 50m of private investment to the area.

Falkirk Council and Scottish Enterprise are behind the project.

Scottish Enterprise bought the 35-acre site in 2005, but the organisation's funding problems have prevented it from putting in additional money.

Announcing funding for the project, Deputy Enterprise Minister Allan Wilson said: "This will see the site transformed to provide valuable industrial accommodation.

"This is a fantastic project with the potential to attract much-needed new investment and jobs to the area."

Joint venture scheme

The minister added: "This is a fine example of how projects backed by European funding can spark regeneration and provide communities with brighter prospects and a more sustainable future."

The Alcan redevelopment is one of 17 projects in the east of Scotland which will receive a total of 4m in European funding.

The council and enterprise agency have agreed to set up a joint venture scheme to take the project forward.

Scottish Enterprise has so far invested 4.5m in the site, at Langlees, and the council will have to put in up to 3.15m to meet clean-up costs.

The local authority said the redevelopment is also vital to secure plans by supermarket giant Asda for a large expansion in the area.

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